In January, the Da Nang government granted business registration certificates to a combined total of 362 new domestic and foreign businesses, branches and representative offices, with a total registered charter capital of 4,351 billion VND, according to data published by Da Nang Department of Planning and Investment.

The figures represent a drop of 23.1% and 32.2% in the number of newly-established firms and in the total registered investment capital, respectively when compared with the same period last year.

In addition, a total of 46 businesses and affiliated units got dissolved last month.

There was a sharp increase in the number of newly-established firms involving in processing, manufacturing, information and communications, transportation and storage.

Currently, there are a total of 32,271 businesses, branches and representative offices operating in Da Nang, with a total registered capital of 219,938 billion VND.

By THANH LAN- Translated by A.T